Arabian Pipes signs SAR 108M contract with Saudi Aramco

Arabian Pipes Co. signed on Feb. 4 a contract worth nearly SAR 108 million to supply steel pipes to Saudi Aramco, the company said in a statement to Tadawul.

The contract is valid for 11 months, Arabian Pipes added.

The relevant financial impact will appear on Q3 and Q4 of 2024. There are no related parties to the deal, the pipe manufacturer added.